Payday Reform News February 17

Highlight Local advocates continue to push back against state level efforts to allow predatory lending, while linking their state legislative work to the need to defend consumers and the CFPB at the national level: February 10, New York Daily News: Cage the sharks circling consumers Andy Morrison of the New Economy Project defends the CFPB and warns against a bill introduced …

Rural voters support the CFPB by a margin of 4 to 1

See the poll results here. Here’s something rural Americans and urban Americans have in common: a high regard for the Consumer Financial Protection Bureau and the work it’s doing to protect consumers against deceptive, unfair, and abusive lending and debt collection practices. Most voters in rural parts of the country believe that the financial industry is still too powerful and …

Payday Reform News February 13

Highlight February 9, Bezinga: 'Know Before You Owe' Prepaid Card User Protections At Risk From New Senate Bill Article calls out a congressional effort to roll back the CFPB’s new protections on kinds of  prepaid cards that function as payday loans, with hidden fees that make them not really prepaid. More Coverage: Vanity Fair: Republican Effort to Screw Consumers Hits a Speed Bump …

Consumers Respond to Congressional Attack on CFPB Prepaid Card Rule

“We urge Georgia’s senators to side with Georgia veterans, seniors and struggling families and not with a company that takes overdraft fees out of the pockets of these and other Georgians,” said Liz Coyle, Georgia Watch’s executive director. “Members of Congress that allow predatory financial practices and thwart the Consumer Financial Protection Bureau’s important work on behalf of the public …